MENA: Market for Articles Of Non-Malleable Cast Iron 2024

Market Size for Articles Of Non-Malleable Cast Iron in MENA

The MENA's non-malleable cast iron articles market fell to $X in 2022, with a decrease of X% against the previous year. Overall, consumption showed a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Production of Articles Of Non-Malleable Cast Iron in MENA

In value terms, non-malleable cast iron articles production reduced modestly to $X in 2022 estimated in export price. In general, production, however, recorded a prominent expansion. The pace of growth was the most pronounced in 2018 with an increase of X%. The level of production peaked at $X in 2019; afterwards, it flattened through to 2022.

Exports of Articles Of Non-Malleable Cast Iron

Exports in MENA

In 2022, approx. X tons of articles of non-malleable cast iron were exported in MENA; increasing by X% compared with the year before. Total exports indicated a pronounced increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, non-malleable cast iron articles exports skyrocketed to $X in 2022. Total exports indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the near future.

Exports by Country

In 2022, Turkey (X tons) was the key exporter of articles of non-malleable cast iron, constituting X% of total exports. Tunisia (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Iran (X%) and the United Arab Emirates (X%).

From 2012 to 2022, average annual rates of growth with regard to non-malleable cast iron articles exports from Turkey stood at X%. At the same time, Tunisia (X%), the United Arab Emirates (X%) and Iran (X%) displayed positive paces of growth. Moreover, Tunisia emerged as the fastest-growing exporter exported in MENA, with a CAGR of X% from 2012-2022. Tunisia (X p.p.) significantly strengthened its position in terms of the total exports, while Iran saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest non-malleable cast iron articles supplier in MENA, comprising X% of total exports. The second position in the ranking was held by Tunisia ($X), with a X% share of total exports. It was followed by Iran, with a X% share.

In Turkey, non-malleable cast iron articles exports increased at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Tunisia (X% per year) and Iran (X% per year).

Export Prices by Country

The export price in MENA stood at $X per ton in 2022, rising by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Turkey ($X per ton), while Iran ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%), while the other leaders experienced more modest paces of growth.

Imports of Articles Of Non-Malleable Cast Iron

Imports in MENA

In 2022, supplies from abroad of articles of non-malleable cast iron increased by X% to X tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, showed a slight contraction. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. The volume of import peaked at X tons in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, non-malleable cast iron articles imports skyrocketed to $X in 2022. In general, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

The purchases of the five major importers of articles of non-malleable cast iron, namely the United Arab Emirates, Morocco, Algeria, Saudi Arabia and Israel, represented more than two-thirds of total import. The following importers - Tunisia (X tons), Iraq (X tons), Kuwait (X tons), Turkey (X tons), Bahrain (X tons), Qatar (X tons) and Oman (X tons) - together made up X% of total imports.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), Morocco ($X) and Israel ($X) appeared to be the countries with the highest levels of imports in 2022, together accounting for X% of total imports. Algeria, Saudi Arabia, Turkey, Tunisia, Kuwait, Iraq, Qatar, Bahrain and Oman lagged somewhat behind, together comprising a further X%.

Kuwait, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in MENA amounted to $X per ton, increasing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Israel ($X per ton), while Algeria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Israel (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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